Highlighting a growing trend among young homebuyers in Canada: relying on family gifts to enhance or provide their down payments. According to the Canadian Imperial Bank of Commerce (CIBC), nearly a third of first-time buyers now receive financial aid from their parents, with the average gift amounting to over six figures.
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Canadian Housing Market: Deciding If Now is the Right Time to Buy
If you’ve been contemplating buying a property in Canada, whether it’s your first home, next home, forever home, or a retirement haven, the current economic climate might have you second-guessing your decision. In this blog post, we’ll explore the factors influencing the housing market and provide guidance on making an informed decision that aligns with your personal goals.
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Canadian Housing Market Trends: August 2023 Report
In August 2023, the Canadian housing market exhibited notable month-over-month and year-over-year trends, providing valuable insights for both buyers and sellers.
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